Common use of Termination by Corporation for Cause Clause in Contracts

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's employment ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a conflict of interest with the Corporation or its stockholders, or a breach of a fiduciary duty owed by the Executive involving personal profitExecutive; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The ------------------------------------ Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a conflict of interest with the Corporation or its stockholders, or a breach of a fiduciary duty owed by the Executive involving personal profitExecutive; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his her employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The ------------------------------------- Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.

Termination by Corporation for Cause. The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following: (a) The commission by the Executive of an act of misconduct (including, but not limited to, the violation of any law, rule, regulation or cease and desist order applicable to the Executive or the Corporation or its insured subsidiaries), or an act which constitutes a breach of a fiduciary duty owed by the Executive involving personal profit; (b) The Executive's material breach of this Agreement, dishonesty, incompetence, willful misconduct, habitual unexcused absence from work, intentional failure to perform duties, or gross negligence in the performance of stated duties; (c) The Executive's becoming physically or mentally incapable of performing the essential functions of his her employment position, with or without reasonable accommodation, for a period in excess of the applicable leave entitlement mandated by Federal or State law; or (d) Any criminal conviction of the Executive (other than for a minor traffic violation or similar offense), whether or not in the line of duty. In the event of termination for cause under this Section 7a(1), the Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination.